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republicans again with the debt ceiling clock ticking down to zero. what they say is if house republicans in a second debt ceiling scenario start talking on day 18 of let's say a 21 day debt ceiling increase about wanting concessions and so forth, we could get to a critical stage as white house officials and house republicans will have to pass something that will extend the debt ceiling for a year. something else the president said that was interesting and you had to go back to the tape and look, the president said he was willing to attach something, some kind of discussion, mandatory discussions that would have to take place after a clean continuing resolution is passed, after a clean debt ceiling is passed. what that means, we have no idea but he is committing himself to some kind of discussion process that would take place once they get the threat of default and once they get the government reopened again. >> it's really interesting, dana, because there is so much lack of trust certainly by republicans and democrats and democrats and republicans bu
republicans again with the debt ceiling clock ticking down to zero. what they say is if house republicans in a second debt ceiling scenario start talking on day 18 of let's say a 21 day debt ceiling increase about wanting concessions and so forth, we could get to a critical stage as white house officials and house republicans will have to pass something that will extend the debt ceiling for a year. something else the president said that was interesting and you had to go back to the tape and...
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Oct 8, 2013
10/13
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MSNBC
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our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every president in modern history has had to contend with. >> every president in modern history has negotiated over a debt limit. debt limits have been used to force big policy changes. >> there is exactly one speaker in modern history who has seriously tried. by exactly one speaker of the house and that speaker of the house is not speaking the truth. here once begin. >> this is something routine. it has been done more than 40 times since ronald reagan is president. it has never before been used in the kind of ways that the republicans are talking about u
our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every...
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Sep 27, 2013
09/13
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MSNBC
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do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
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Oct 3, 2013
10/13
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ALJAZAM
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eye 109
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the debt ceiling is wrong tool. all of your spending tools are taken by your members of congress. >> that's to had with your memb of congress. don't stop the guy who has to pay the bill you already ran up. no. 2, there is no real discussion between the two parties about what to do about the debt ceiling. the democrats want it raised. we, by the way, we passed the debt sealing in may. treasury has used all sources of gimmicks to keep things going until october 17th. the republicans have a laundry list they want done in order to agree to suspend the debt ceiling entirely for a year. that laundry list is pretty much changing government as we know it. everything the democrats stand for, the republicans want undone. so they are going to use the debt ceiling to do more than just obamacare. obamacare is number 1 on a very long laundry list of republicans say they want done in order to agree to the debt ceiling. politically, you and mike viquera would no better than i do. i am not sure that's going to fly. >> all of us thou
the debt ceiling is wrong tool. all of your spending tools are taken by your members of congress. >> that's to had with your memb of congress. don't stop the guy who has to pay the bill you already ran up. no. 2, there is no real discussion between the two parties about what to do about the debt ceiling. the democrats want it raised. we, by the way, we passed the debt sealing in may. treasury has used all sources of gimmicks to keep things going until october 17th. the republicans have a...
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Oct 11, 2013
10/13
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CNN
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you extend -- you have a cr, you have a short-term debt ceiling delay. i would say at least eight weeks because we do have holidays coming up. you agree that there is going to be subtive discussions to reduce spending at least equal to the increase in the debt ceiling, put tax ex ppenditures and you agree you're going to discuss a goal on debt to gdp we'll work to over time. those i think would be subtive. those would be attractive to both sides. that would be meaningful progress, and that's what we need. >> so, john, what happens with house republicans, those 20 or 30 or so who basically ran on defaund defunding the affordable care act and raising money and sending newsletters about it, if that's off the table. >> it's time to get real. >> it's time to get real. >> it's a great question for those members, anderson, but most of the those members were never going to vote to raise the debt ceiling. they said that. most of them will probably vote no, anyway. the question is how many? can speaker painer convince some of them? to be with them and and that wil
you extend -- you have a cr, you have a short-term debt ceiling delay. i would say at least eight weeks because we do have holidays coming up. you agree that there is going to be subtive discussions to reduce spending at least equal to the increase in the debt ceiling, put tax ex ppenditures and you agree you're going to discuss a goal on debt to gdp we'll work to over time. those i think would be subtive. those would be attractive to both sides. that would be meaningful progress, and that's...
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the white house position is congress's duty is to pass the debt ceiling and pass it clean debt ceiling index because basically what the debt ceiling is authorizing the spending for the arra wing that corresponds to the spending that congress approves. republicans want to use that as an opportunity to say look this is a reminder of how much money we are spending and we need to get that spending under control so already you have this debate again, republicans with an exact number of corresponding cuts in the debt ceiling in the white house telling congress to just raise the debt ceiling. that will be the next the next vitamin e look at what treasury has put out, technically the federal government has hit its debt ceiling. what the treasury can do is, treasury does a lot with the reinvesting of certain payments in certain retirement funds. i can hold off many of those reinvestment and use that money for the federal government to spend. $200 billion of debt the treasury can exceed the debt ceiling. normally that takes a couple of months, $200 billion, two months of federal deficit spending
the white house position is congress's duty is to pass the debt ceiling and pass it clean debt ceiling index because basically what the debt ceiling is authorizing the spending for the arra wing that corresponds to the spending that congress approves. republicans want to use that as an opportunity to say look this is a reminder of how much money we are spending and we need to get that spending under control so already you have this debate again, republicans with an exact number of corresponding...
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Sep 30, 2013
09/13
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CNNW
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, because the debt ceiling is the law of the land. yet the president wants us to go back and rework all that because it's not tenable to what he wants to do. you can't have it both ways. the reason why we go through the appropriations process is because we have to figure out where the priorities are and where they aren't. we can't fund everything that's been approved. that's the reality of how we operate the government. >> shouldn't you not have approved it in the first place? the world expects us to make good on those promises. that's what makes us america. >> that's why we're voting in favor of keeping every bit of government open, and the only adjustment that we're offering here is to delay the individual mandate for one year and make sure that congress gets no special, has no special rules. that's not a lot that we're asking for, and i think the democrats, i don't understand the argument on why they would shut down the entire government and have all this chaos because they wanted to make sure that congress continued to have some s
, because the debt ceiling is the law of the land. yet the president wants us to go back and rework all that because it's not tenable to what he wants to do. you can't have it both ways. the reason why we go through the appropriations process is because we have to figure out where the priorities are and where they aren't. we can't fund everything that's been approved. that's the reality of how we operate the government. >> shouldn't you not have approved it in the first place? the world...
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Oct 9, 2013
10/13
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MSNBCW
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ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. maybe you've noticed. is there a lot of worry building up around a daily problem? well ladies, now there's big news in controlling your overactive bladder symptoms. thinking less about them with new oxytrol for women. it's a patch. the first and only over the counter treatment for overactive bladder. it's good to know how to put the control back in your go. new oxytrol for women. now over the counter in the feminine care aisle. visit oxytrolforwomen.com to learn more. >>> if congress refuses to raise what's called the death ceiling, america would not be able to meet all of our financial obligations for the first time in 225 years. and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime
ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. maybe you've noticed. is there a lot of worry building up around a daily problem? well ladies, now there's big news in controlling your overactive bladder symptoms. thinking less about them with new oxytrol for women. it's a patch. the first and only...
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Oct 8, 2013
10/13
by
ALJAZAM
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eye 101
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whoa is the debt ceiling? >> what that implies is that for the federal government to keep adding debt and maintaining it's current level of spending it has to have approval from congress that it can increase borrowing. without the lifting of the debt ceiling the government has to begin to cut spending as this prproceeds the cuts will be more difficult for society. >> raising the debt limit is not that big of a deal, is it or isn't it? >> it becomes a very big deal the longer the debt ceiling is not lifted. >> i would be suburb price subut the lifting of the debt ceiling the government will be forced to cut back on social security and just cutting back on the scogs l security would have an effect of the governmenspending. and create a recession. why are people saying a default could be worse than the financial crisis of 2008? >> that would bring in question the trillions of dollars of outstanding treasury debt. it's very important if we are going to have an adequate supply of credit to the sector. if the u.s. t
whoa is the debt ceiling? >> what that implies is that for the federal government to keep adding debt and maintaining it's current level of spending it has to have approval from congress that it can increase borrowing. without the lifting of the debt ceiling the government has to begin to cut spending as this prproceeds the cuts will be more difficult for society. >> raising the debt limit is not that big of a deal, is it or isn't it? >> it becomes a very big deal the longer...
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Oct 8, 2013
10/13
by
KPIX
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but the way the debt ceiling often got past is you'd stick the debt ceiling on to a budget negotiation once it was completed because people figured i want to take a bunch of tough votes to cut programs and raise taxes and then also have to take a debt ceiling vote let me do it all at once. but it was a situation in which if i don't get what i want then i'm going to let us default. that's what's changed and that's what we learned in 2011. so as a consequence, actually we're not going to do that again, not just for me, but because future presidents, republican or democrat should not be in a position where they have to choose between making sure the economy stays afloat and we avoid worldwide catastrophe or we provide concessions to one faction of one party in one house. and but let me tell you a lesson i did not learn. i did not learn a lesson that we shouldn't compromise, i still think we should. i still think there are all kinds of issues that we should be talking about and i don't expect to get 100% of my way. and i'm still very open to having conversations with not just the speaker b
but the way the debt ceiling often got past is you'd stick the debt ceiling on to a budget negotiation once it was completed because people figured i want to take a bunch of tough votes to cut programs and raise taxes and then also have to take a debt ceiling vote let me do it all at once. but it was a situation in which if i don't get what i want then i'm going to let us default. that's what's changed and that's what we learned in 2011. so as a consequence, actually we're not going to do that...
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Oct 6, 2013
10/13
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KQED
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ceiling -- of the debt ceiling. he knows what the consequences could be if we default. john boehner can get the votes to raise the debt ceiling. >> democratic votes. some democratic and republican votes. what he will get is credit for avoiding this catastrophe. that should be more to the speaker not because of him personally but to the leadership if he pulls that off. >> he has been fooling -- falling back on the has stirred rule.terd it may be a defensive or an offense of thing. figure johnc boehner is becoming. coming in as the son of the barkeep who swept the floor and with 11 brothers and sisters. he wept at the time and he must be weeping now. to go outstion is if with a blaze of glory, i am going to give it my speakership but we are going to move past this impasse and it must be attractive to him. it is not like the job is that great. you're hanging onto a job where are subject to ritual humiliation. >> this is his moment. >> the rollout of obamacare. competition, more and more prices. most uninsured americans
ceiling -- of the debt ceiling. he knows what the consequences could be if we default. john boehner can get the votes to raise the debt ceiling. >> democratic votes. some democratic and republican votes. what he will get is credit for avoiding this catastrophe. that should be more to the speaker not because of him personally but to the leadership if he pulls that off. >> he has been fooling -- falling back on the has stirred rule.terd it may be a defensive or an offense of thing....
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and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans' benefits or social security. whatever it is that congress has already authorized, what this does is make sure that we can pay those bills. now, the last time that the tea party republicans flirted with the idea of default two years ago markets plunged, business and consumer confidence plunged, america's credit rating was downgraded for the first time, and a decision to actuall through with it, to actually permit default according to many ceos and the congress would be, and i'm quoting here, insane, catastrophic, chaos. these are some of the more polite words. warren buffett likened default to a nuclear bomb, a weapon too horrible to use. it would disrupt markets. it would undermine the world's confidence in america as the bedrock of the global economy. and it might permanentl
and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans' benefits or social security. whatever it is that congress has already authorized, what this does is make sure that we can pay those bills. now, the last time that the tea party...
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Apr 13, 2013
04/13
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CSPAN2
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eye 93
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the president has been very clear we're not going to negotiate around the debt ceiling and the debt ceiling needs to be increased to take care of spending that has already been taxed and we should not be manufacturing crises like the sequester, we should be turning the sequester off, making sure we don't lose hundreds of thousands of jobs, washington should return to regular order and that businesses and the american consumer have the confidence that washington is not going to manufacture a crisis. >> yield back the balance of my time. >> gentlelady from tennessee for five minute. >> thank you for being here. some of us like regular order and the rule of law. four quick questions. let me ask you first, section four 99 of title 49 p.m. u.s. code, sketches or really defines law-enforcement personnel as individuals of a rise to to carry firearms with the police power of arrest and identifiable by appropriate markings of a 40 so with sequestration and the debt crisis in mind and you talked about sequestration a lot today should federal agencies spend federal funds on law-enforcement uniforms fo
the president has been very clear we're not going to negotiate around the debt ceiling and the debt ceiling needs to be increased to take care of spending that has already been taxed and we should not be manufacturing crises like the sequester, we should be turning the sequester off, making sure we don't lose hundreds of thousands of jobs, washington should return to regular order and that businesses and the american consumer have the confidence that washington is not going to manufacture a...
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Oct 9, 2013
10/13
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MSNBCW
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eye 55
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ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. evto earn degrees in mathan stand science.ut but more than half leave their programs. so we're missing out on 450,000 math and science graduates annually. but if we can help students prepare for these subjects we'll have a stronger workforce for our fastest-growing industries. let's invest in our future. join exxonmobil in advancing math and science education. let's solve this. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all yo
ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. evto earn degrees in mathan stand science.ut but more than half leave their programs. so we're missing out on 450,000 math and science graduates annually. but if we can help students prepare for these subjects we'll have a stronger workforce for our...
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27
Oct 10, 2013
10/13
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CNNW
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ceiling and defaulting on our debts. while that is sort of germinating throughout those in the white house, we're waiting for their reaction. wouldn't it be really nice to be able to hear someone stand up in congress and speak from the heart, somebody guided by faith and conscience? wow! guided by principle and not the partisan talking points and the line of the day or the hashtag? there is someone exactly like that. you're about to hear from him. but with the caveat he's not a member. have a listen. >> deliver us from the hypocrisy of attempting to sound reasonable while being unreasonable. forgive them for the blunders they have committed, infusing them with the courage to admit and correct mistakes. today, give our lawmakers the vision and the willingness, remove from them that stubborn pride which imagines itself to be above and beyond criticism. lord, deliver us from governmin by crisis. it's time for our lawmakers to say enough is enough. we pray in your merciful name, amen. amen. amen. amen. >> amen. i'm going to
ceiling and defaulting on our debts. while that is sort of germinating throughout those in the white house, we're waiting for their reaction. wouldn't it be really nice to be able to hear someone stand up in congress and speak from the heart, somebody guided by faith and conscience? wow! guided by principle and not the partisan talking points and the line of the day or the hashtag? there is someone exactly like that. you're about to hear from him. but with the caveat he's not a member. have a...
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366
Oct 6, 2013
10/13
by
WBFF
tv
eye 366
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whatkee debt ceiling to wholesome is a dab between revenues and outlays. and everything you immediate to know about contemporary washington was in your interview when they say we will not prioritize. a hardware store prioritizes with it's first revenues cong in. we have ten times the revenues than we need. there is no need to default. default is our choice. >> kirsten, one senior administration official said we're winning so we don't care how long have goes on. the president quickly took that nack as he was goi off for impromptu, but do democrats run the risk of overplaying their hand if they refuse to continue to negotiate or if they refuse to negotiate these bills the piecemeal measures to fun an ia oad ta i think they can't allow -- if they allow this to happen, if ey didn't piecemeal, i think the fear is this will keep on happening. and the refusal togotiate, refusing to negotiate over defunding obama care. this is a pretty siificant thing. you can go through the history of different things that democrats have done. it's not quite the same thing as ctu
whatkee debt ceiling to wholesome is a dab between revenues and outlays. and everything you immediate to know about contemporary washington was in your interview when they say we will not prioritize. a hardware store prioritizes with it's first revenues cong in. we have ten times the revenues than we need. there is no need to default. default is our choice. >> kirsten, one senior administration official said we're winning so we don't care how long have goes on. the president quickly took...
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614
Oct 9, 2013
10/13
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MSNBC
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the debt ceiling. >> you think that some facet of the president's health care plan should be attached to an increase in the debt celling? >> yes. >> we've just got to put obama care on hold. >> i'll do anything i can to protect the american people from obama care. >> republican congressman scott garrett said if a debt ceiling deal doesn't have a full delay or defund of obama care, i know i and many others will not be able to support whatever the leadership proposes. the president has repeatedly assured republicans this will never happen. >> i'm going to repeat it. there will be no negotiations over this. the united states government p pays its bills. that's non-negotiable. we're not going to negotiate around the debt ceiling. >> the republicans think they have the support of the american people. the latest polling finds that 70% of americans disapprove of congressional republicans handling of the budget. that's up from 63% just last week. the latest national journal poll are even worse than the gop. 80
the debt ceiling. >> you think that some facet of the president's health care plan should be attached to an increase in the debt celling? >> yes. >> we've just got to put obama care on hold. >> i'll do anything i can to protect the american people from obama care. >> republican congressman scott garrett said if a debt ceiling deal doesn't have a full delay or defund of obama care, i know i and many others will not be able to support whatever the leadership...
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90
Oct 15, 2013
10/13
by
CNN
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now we must raise the debt ceiling even though the durnt debt ceiling is the law. and by the way, this law we're talking about with obama care is not the law. the president has at least twice unconstitutionally executively amended obama care, once with the vitter language. >> at the request of the house. >> yes, but also extended the employer mandate for a year k and that's unconstitutional. >> do you want the employer mandate to go back into effect right now? >> i want to research the constitution. >> we can debate about the constitution all we want. but let's talk about spending for a second. the law is that congress has to raise the debt ceiling to meet its obligations that congress has obligated the country towards. so it is law that you have to do your job. and if you want to have a debate about spending, the president is happy to have that debate. spending is cut by 2%. you're not getting what you wanted. it's cost the country $20 billion. >> this isn't done of course. and i'm not about to take the position that we should simply get up and pack up our bats an
now we must raise the debt ceiling even though the durnt debt ceiling is the law. and by the way, this law we're talking about with obama care is not the law. the president has at least twice unconstitutionally executively amended obama care, once with the vitter language. >> at the request of the house. >> yes, but also extended the employer mandate for a year k and that's unconstitutional. >> do you want the employer mandate to go back into effect right now? >> i want...
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Oct 6, 2013
10/13
by
WTTG
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of the debt ceiling on the congress and not on himself. through this whole thing he has said we need to traz the debt deal, but he never said how much it needs to be raised. and the reason is budget experts inside and outside of the congress, that north to get it past the election, it will be a trillion dollar debt ceiling increase. after all of this happy talk, he needs one trillion more in short. >> back in 2000, a candidate obama said george w. bush's $9 trillion debt was unpatriotic. if they raise it it will be $17.7 trillion. >>> he said it is a failure of leadership in 2007 when he was using the debt ceiling. that is why i think this stubborn on instruction has a purpose and the purpose is to make more money. >> so it all of that on the democratic side? >> the whole problem with this is i think it goes back to the 41 votes to appeal obama care. the republicans have had an on section with repealing it. that's how the shutdown crisis starts. with them wanted to defund it, repeat it, get rid of it. that's why it's so hard for them now t
of the debt ceiling on the congress and not on himself. through this whole thing he has said we need to traz the debt deal, but he never said how much it needs to be raised. and the reason is budget experts inside and outside of the congress, that north to get it past the election, it will be a trillion dollar debt ceiling increase. after all of this happy talk, he needs one trillion more in short. >> back in 2000, a candidate obama said george w. bush's $9 trillion debt was unpatriotic....
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Oct 13, 2013
10/13
by
CNN
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eye 84
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minlds ds oe debt ceiling deniers. that is next. i get 2x the thankyou points on each ticket. the citi thankyou preferred card. now earn 2x the points on entertainment, with no annual fee. go to citi.com/thankyoucards so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today... and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people talk, great things happen. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we
minlds ds oe debt ceiling deniers. that is next. i get 2x the thankyou points on each ticket. the citi thankyou preferred card. now earn 2x the points on entertainment, with no annual fee. go to citi.com/thankyoucards so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today... and tomorrow....
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68
Oct 11, 2013
10/13
by
MSNBC
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eye 68
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of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort of talk or discussion of some way of actually taking away this debt ceiling threat for the longer term? >> i think it's a possibility that could be in the cards in the larger budget discussion that you'd end up having between republicans and democrats trying to craft something after a temporarily debt ceiling increase, a temporary extension of the u.s. government. but krystal, i don't think we know how long the debt ceiling will be increased for. house republicans yesterday were talking about a six-week extension. but it could be longer than that. we just don't know any kind of the details ye
of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort...
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Oct 9, 2013
10/13
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MSNBC
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eye 134
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. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites. >> there is no clear way out of this. >> there are no magic bullets here. >> we are now on day eight of the government shutdown. >> day act of the government shutdown. >> our goal wasn't to shut down the government. i don't think we should default on our debt >> we have got to stop repeating this pattern. the american people are tired of it. lord knows i'm tired of it. >>> tonight senate majority leader harry reid introduce aid perfectly reasonable, one sentence bill that would raise the debt ceiling until the end of next year which is a perfectly reasonable time frame for a typical debt ceiling increase in the past. th
. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites....
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Oct 7, 2013
10/13
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of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills t
of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to...
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Oct 8, 2013
10/13
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if congress refuses to raise the debt ceiling. america would not be able to meet our financial obligations for the first time in 225 years. and because it ais called raising the debt ceiling americans think it is raising our debt. it is not. it does not add a dime to our debt. it says you paid for what congress has authorized america to purchase. whether that is the greatest military in the world or veteran's benefits, whatever it is, what this does is make sure that we can pay those bits. now the last time that the tea party republicans flirted with the idea of default, two years ago, the market plunged, america's credit rating was downgraded for the first time and i decision to go through with it and permit default according to many cea's would b insane, catastrophic, chaos, and warren buffet likened it to a nuclear bomb. it would disrupt markets and undermine the world market and it might permanently increase our borrowing concepts which would mean it would be more expensive to add for deficits and debt. there is nothing respon
if congress refuses to raise the debt ceiling. america would not be able to meet our financial obligations for the first time in 225 years. and because it ais called raising the debt ceiling americans think it is raising our debt. it is not. it does not add a dime to our debt. it says you paid for what congress has authorized america to purchase. whether that is the greatest military in the world or veteran's benefits, whatever it is, what this does is make sure that we can pay those bits. now...
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Oct 1, 2013
10/13
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are they discounting likelihood of a possibility of a debt ceiling -- debt default that really would have catastrophic consequences? >> i think there is a misunderstanding between wall street and washington on this. there is an understandably general sense that these crises are always resolved at the last minute and that's probably right. but you'll have a bunch of wall street ceos in town tomorrow, that will go to the white house and talk to the president and go up to the hill and make phone calls. we cannot get close to the october 17th day because interest rates will start going up and markets will go down. there will be pressure there. tea party conservatives don't care what wall street says. i think the small group of moderate republicans and some wall street republicans that still exist, that argument will carry weight that it's dangerous to do this close to the dead limit. that may be the forcing mechanism. but we're talking about a shut down for two weeks that hits confidence any way and we have a economic hit regardless. it would be too bad if we waited until the october 17t
are they discounting likelihood of a possibility of a debt ceiling -- debt default that really would have catastrophic consequences? >> i think there is a misunderstanding between wall street and washington on this. there is an understandably general sense that these crises are always resolved at the last minute and that's probably right. but you'll have a bunch of wall street ceos in town tomorrow, that will go to the white house and talk to the president and go up to the hill and make...
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Oct 10, 2013
10/13
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reform and debt ceiling? >> they're willing to do almost anything to privatize social security, to privatize medicare, cut social security, privatize medicare. i just heard about the demand to raise the retirement age. i was in youngstown not long ago, one woman said i'm 63 years old, i work two jobs, i don't have health insurance, my goal is just to stay alive until i'm 65. your goal is just to stay alive until you can get health insurance. for these people, i said to you before, chris, abraham lincoln said i have to go out to get the public opinion polls, listen to people. people like paul ryan, the number of senators that are advocating raising the retirement age, the eligibility age for medicare, they want to cut the living adjustment for social security, these are people that depend on social security to pull them out of poverty that finally will mean they will have health care. that is why they don't like obama care. they have tried to scale back social security and medicare through our entire lives. an
reform and debt ceiling? >> they're willing to do almost anything to privatize social security, to privatize medicare, cut social security, privatize medicare. i just heard about the demand to raise the retirement age. i was in youngstown not long ago, one woman said i'm 63 years old, i work two jobs, i don't have health insurance, my goal is just to stay alive until i'm 65. your goal is just to stay alive until you can get health insurance. for these people, i said to you before, chris,...
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Oct 18, 2013
10/13
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substantively if you don't address the debt ceiling you're going to increase the debt ceiling and at some point people will make you pay so much for it you can't afford it. >> rose: the president shouldn't have insisted on non-negotiations. >> should have been in the middle, should have been in a room talking about things they could fix like entitlement reform, like tax reform. >> rose: that's what the president says they will do now. and that's basically what he said was look, open up the government. extend the debt ceiling and we'll get in a room and talk. >> well that's what happened, that's what should have happened beforehand. they wasted a couple weeks when really good things could happen. for example paul ryan put on the table about a week and-a-half ago a way to get out of this which was to take the president's proposals on entitlement reform which are fairly significant. and take a pathway to tax reform, merge them together and have package. that's a pretty good deal as far as i could see. >> rose: john boehner says we're not going to buy any tax increases. >> the issue isn'
substantively if you don't address the debt ceiling you're going to increase the debt ceiling and at some point people will make you pay so much for it you can't afford it. >> rose: the president shouldn't have insisted on non-negotiations. >> should have been in the middle, should have been in a room talking about things they could fix like entitlement reform, like tax reform. >> rose: that's what the president says they will do now. and that's basically what he said was...
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Oct 3, 2013
10/13
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the debt ceiling falls in that category. but that doesn't mean there is not an opportunity to discuss what is causes the debt ceiling to go up. well, why do you have to increase the debt ceiling? the government is spending more money than it should, like a household that is spending more money than it should, sometime you are going to have to pay the piper for the actions. there is a reason to discuss the debt ceiling. >> thank you so much for joining me. >> thank you. >>> joining me, barney frank, senator, am i wrong in that that is absolutely the norm throughout the entire 20th and 21st century that nine years out of ten, probably, that has been the case about the federal government? >> well, a couple of things, first of all i think you make a very good friend. i sympathize with my friend, former senator greg. he is a responsible man, the last time we faced a crisis it was totally bipartisan. when the democrats were in control, it was 2008, george bush came to us, greg and i were two people that came across the divide to g
the debt ceiling falls in that category. but that doesn't mean there is not an opportunity to discuss what is causes the debt ceiling to go up. well, why do you have to increase the debt ceiling? the government is spending more money than it should, like a household that is spending more money than it should, sometime you are going to have to pay the piper for the actions. there is a reason to discuss the debt ceiling. >> thank you so much for joining me. >> thank you. >>>...
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Oct 4, 2013
10/13
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are you going to pass a clean debt ceiling bill? >> right now, the debt ceiling is facing us. they are right on top of us. we will act on a clean debt ceiling. the president has said he will not negotiate on the debt ceiling. it never happened in the history of the country. there has never been a negotiation like this. in the past, you have a bill we are trying to get through. i think it was called -- what was it? so, it has never happened before. we can't do this. my friend warren buffett today said we are always trying to be nice. he said it won't be so bad. he knows how horrible it is. the debt ceiling is cataclysmic. >> a question for senator durbin. would you mind elaborating on the dod layoffs, the dod contractor? >> i will let the senator who told me announce it on the floor. >> in 2011, to keep the government of them, you agreed to $38 billion in cuts. you agree to a policy preventing public money -- there were negotiations on the debt limit. looking back, was it a mistake to negotiate on keeping the government open in 2011? >> we are where we are now. not where we wer
are you going to pass a clean debt ceiling bill? >> right now, the debt ceiling is facing us. they are right on top of us. we will act on a clean debt ceiling. the president has said he will not negotiate on the debt ceiling. it never happened in the history of the country. there has never been a negotiation like this. in the past, you have a bill we are trying to get through. i think it was called -- what was it? so, it has never happened before. we can't do this. my friend warren...